NZDUSD Reversed Off Fib Confluence Zone, Bull Flag, Divergence

Here NZDUSD has reversed nicely from a fib confluence zone between the .618 retracement of the large bullish impulse, and 1.272 extension of the smaller bearish impulse.

Further confirmation signs include a broken falling wedge and bull flag, as well as clear RSI divergence.

Target 1 is based on recent resistance.

Good Luck!

Trade attivo

Trade chiuso: obiettivo raggiunto